Question
In its income statement for the year ended December 31, 2020,FlounderCompany reported the following condensed data. Operating expenses $759,720. Interest revenue $29,970. Cost of goods
In its income statement for the year ended December 31, 2020,FlounderCompany reported the following condensed data.
Operating expenses $759,720. Interest revenue $29,970. Cost of goods sold 1,334,200. Loss on disposal of plant assets 15,910. Interest expense 71,270. Net sales 2,416,300. Other comprehensive loss 8,700.
multiple-step income statement.(List other revenues before other expenses. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
FLOUNDERCOMPANY
Income Statement
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